Market Pulse
Broker tips: FeverTree, Future, Spirax Group
Citi cut its price target on Fever-Tree on Friday to 950. 0p from 1,115. 0p citing slight model changes and an adjustment to its price-to-earnings valuation method.
London close: Stocks end turbulent week on positive note
London's stock markets ended the week on a high note, after stronger-than-expected US jobless claims data on Thursday alleviated concerns about the health of the American economy.
Director dealings: Gateley director makes share purchase
Gateley revealed on Friday that non-executive director Colin Jones had acquired 40,000 ordinary shares in the AIM-listed professional services firm.
FTSE 100 movers: Beazley gains again; Burberry in the red
London’s FTSE 100 was up 0. 3% at 8,173. 07 in afternoon trade on Friday.
FSB calls on home secretary to help riot-affected SMEs
Small business group the National Federation of Small Business implored home secretary Yvette Cooper to help facilitate fair treatment of small and medium-sized enterprises by the insurance industry in the wake of rioting that has swept Britain in the last ten days.
US open: S&P 500 and Nasdaq on track for fourth straight losing week
US stocks were lower early on Friday after market participants bought the dip in the previous session.
Hargreaves Lansdown reports record full-year AuA, consortium tables final offer
Hargreaves Lansdown posted record assets under administration and a big increase in net new business for the full-year.
Merck to buy drug targeting B-cell diseases for up to $1.3bn
Merck said on Friday that it has agreed to buy biotech firm Curon’s CN201, a novel investigational clinical-stage bispecific antibody for the treatment of B-cell associated diseases, for up to $1. 3bn.
Shein looking to open UK warehouse - report
Chinese fast fashion giant Shein is reportedly preparing to open its first British warehouse in preparation for a £50bn listing on the London Stock Exchange.
US pre-open: Futures little changed following yesterday's solid gains
Wall Street futures were only slightly higher ahead of the bell on Friday after market participants bought the dip in the previous session.
London midday: FTSE rises as jobless claims calm nerves
London stocks were still in the black by midday on Friday as stronger-than-expected jobless claims numbers eased concerns about the US economy.
Berenberg slashes target price on Spirax Group
Analysts at Berenberg slashed their target price on engineering firm Spirax Group from 9,800. 0p to 8,150. 0p on Friday following the group's "slightly underwhelming" set of interim results.
Canaccord Genuity downgrades Future, says risk/reward ‘mismatched’
Canaccord Genuity downgraded Future on Friday to ‘sell’ from ‘hold’ following a strong share price increase of around 100% from the lows.
Hummingbird updates production guidance after challenging quarter
Hummingbird Resources reported total second-quarter production of 19,855 ounces of gold in an update on Friday, bringing first half production to 42,722 ounces.
Kazera secures £0.5m facility with two large shareholders
Investment company Kazera Global announced the securing of a £0. 5m debt facility on Friday, with its two largest shareholders, Richard Jennings and Tracarta.
Asia report: Most markets finish turbulent week higher
Asia-Pacific markets closed higher on Friday, following a rebound on Wall Street that lifted investor sentiment after a week of volatility.
CyanConnode reaches two million endpoint milestone in Indis
Narrowband smart mesh network technology specialist CyanConnode announced a significant achievement by its Indian subsidiary on Friday, after it successfully deployed over two million communication endpoints across India.
Tern sells down stake in Device Authority
Internet-of-things technology investor Tern announced the partial sale of its shareholding in Device Authority on Friday.
Getech raising extra £0.2m through retail offer
Getech Group announced a retail offer on Friday, aiming to raise up to £0. 2m to help strengthen its balance sheet.
Galileo Resources launches new Shinganda drilling phase
Galileo Resources announced the start of its phase three drilling programme at the Shinganda project on Friday, targeting copper-gold mineralisation over a strike length of up to 10 kilometres.